## Question

###### Suppose that $3659 is deposited in a savings account which earns 6.5% simple interest. -What is...

Suppose that $3659 is deposited in a savings account which earns 6.5% simple interest.

-What is the amount due after 5 years?

-What is the amount due after 2 years if the interest is compounded?

-What is the equivalent six month interest rate?

## Answers

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